The New Jersey Department of Community Affairs (DCA) has announced the City of Salem will participate in the New Jersey State Resource Network (NJ SRN or the ‘Network’), a new initiative to help municipalities in the state that have special challenges.
Salem is the first of up to six municipalities to be selected for the program.
Some of the major Salem City challenges include high rates of poverty, and lack of quality affordable housing. The Network and DCA will work together with the city to develop an economic development plan centered on the Port of Salem.
The city’s economic development plan will focus on attracting industrial manufacturing and bringing jobs to Salem. The five-year financial plan will also emphasize achieving fiscal stability so the city can invest in the necessary infrastructure to build a tax base, support job creation and redevelop the waterfront.
“Salem City is extremely excited not only to be the first municipality named by the State to participate in the National Resource Network consortium but for the resources this partnership will provide toward the goal of moving our economic and redevelopment agenda forward,” said Salem Mayor Charles Washington.
“We are pleased the State and the NRN see the work Salem City has already been doing and agree that adding additional resources to our current plans would help make Salem City a more thriving community, at an expedited pace.”
Working together, the National Resource Network and DCA established NJ SRN to support existing programs in the Department that help financially distressed communities. Applications for the NJ SRN program were accepted from invited, eligible municipalities through July 6th, 2018.
For more information about DCA, visit www.nj.gov/dca/ or follow the Department on social media.